PINNACLE FOODS INC Common Stock (NYSE:PF) has received an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $67.75.

PF has been the topic of several recent research reports. Jefferies Financial Group reissued a “buy” rating and set a $72.00 price target on shares of PINNACLE FOODS INC Common Stock in a research report on Tuesday, May 8th. Credit Suisse Group set a $68.00 price target on PINNACLE FOODS INC Common Stock and gave the stock a “buy” rating in a research report on Saturday, May 5th. Deutsche Bank set a $66.00 price target on PINNACLE FOODS INC Common Stock and gave the stock a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research raised PINNACLE FOODS INC Common Stock from a “hold” rating to a “buy” rating and set a $74.00 price target on the stock in a research report on Tuesday, July 10th. Finally, Barclays lowered PINNACLE FOODS INC Common Stock from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 29th.

PINNACLE FOODS INC Common Stock stock traded down $0.26 during midday trading on Tuesday, hitting $66.37. 40,089 shares of the company were exchanged, compared to its average volume of 2,144,452. The firm has a market capitalization of $7.93 billion, a PE ratio of 26.14, a price-to-earnings-growth ratio of 2.87 and a beta of 0.42. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 1.51. PINNACLE FOODS INC Common Stock has a fifty-two week low of $52.25 and a fifty-two week high of $70.51.

PINNACLE FOODS INC Common Stock (NYSE:PF) last released its quarterly earnings results on Thursday, August 2nd. The company reported $0.59 EPS for the quarter, hitting the consensus estimate of $0.59. The firm had revenue of $741.80 million for the quarter, compared to analyst estimates of $749.29 million. PINNACLE FOODS INC Common Stock had a return on equity of 13.96% and a net margin of 19.14%. PINNACLE FOODS INC Common Stock’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. analysts forecast that PINNACLE FOODS INC Common Stock will post 2.9 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Synovus Financial Corp acquired a new stake in shares of PINNACLE FOODS INC Common Stock during the 1st quarter valued at approximately $113,000. Fort L.P. acquired a new stake in shares of PINNACLE FOODS INC Common Stock during the 2nd quarter valued at approximately $123,000. NumerixS Investment Technologies Inc acquired a new stake in shares of PINNACLE FOODS INC Common Stock during the 2nd quarter valued at approximately $130,000. Steward Partners Investment Advisory LLC raised its position in shares of PINNACLE FOODS INC Common Stock by 100.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,194 shares of the company’s stock valued at $143,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Ostrum Asset Management acquired a new stake in shares of PINNACLE FOODS INC Common Stock during the 1st quarter valued at approximately $164,000. 97.88% of the stock is currently owned by institutional investors.

About PINNACLE FOODS INC Common Stock

Pinnacle Foods Inc manufactures, markets, and distributes branded convenience food products in North America. It operates through four segments: Frozen, Grocery, Boulder, and Specialty. The Frozen segment offers frozen vegetables, frozen complete bagged meals, frozen prepared seafood, frozen and refrigerated bagels, frozen pizza, and full-calorie single-serve frozen dinners and entrées under the Birds Eye, Birds Eye Voila!, Van de Kamp's, Mrs.

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Analyst Recommendations for PINNACLE FOODS INC Common Stock (NYSE:PF)

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